NICE (NASDAQ:NICE) Issues Earnings Results, Misses Estimates By $0.71 EPS

NICE (NASDAQ:NICE) announced its quarterly earnings results on Thursday. The technology company reported $2.25 EPS for the quarter, missing the consensus estimate of $2.96 by ($0.71), Zacks reports. NICE had a net margin of 16.11% and a return on equity of 15.31%.

NICE Price Performance

NASDAQ NICE traded down $27.29 on Thursday, hitting $151.21. 2,079,788 shares of the company’s stock were exchanged, compared to its average volume of 516,692. The firm has a market cap of $9.51 billion, a price-to-earnings ratio of 23.40, a P/E/G ratio of 1.23 and a beta of 1.06. The firm’s 50-day moving average price is $171.48 and its two-hundred day moving average price is $173.14. NICE has a fifty-two week low of $147.38 and a fifty-two week high of $270.73.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NICE shares. Citigroup reduced their price target on shares of NICE from $315.00 to $279.00 and set a “buy” rating for the company in a research report on Tuesday. DA Davidson decreased their target price on NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Jefferies Financial Group restated a “hold” rating and set a $200.00 price target (down previously from $215.00) on shares of NICE in a research note on Thursday, December 19th. StockNews.com cut NICE from a “strong-buy” rating to a “buy” rating in a research note on Monday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $260.00 target price on shares of NICE in a research report on Friday, November 15th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $250.27.

NICE Company Profile

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform; Enlighten, an AI engine for the customer engagement market; and smart self service enable organizations to address consumers' needs; and journey orchestration solutions that empower organizations to connect and route customers to deal with the customer's request, and connects them using real time AI-based routing.